Today, the Pakistani rupee opened trading at 283 in the interbank market, marking its eleventh consecutive day of improvements versus the US dollar.
It was up as much as 279 at 11:30 PM, following an intraday rise of about Rs. 4 versus the US dollar.
After retreating to 282, the interbank rate stabilized at that level for the duration of the day.
Today’s open market rates were consistent in the 281-283 area across a number of currency counters.
Pak Rupee Appreciated by 17 Paisas in the Interbank Market
After rising 17 paisas against the dollar today, the PKR rose by 0.06% to settle at 282.20 at the close.
For the eleventh consecutive day, the rupee closed higher today.
It has decreased by 19.76% on a calendar year-to-date basis and up by 1.34% on a fiscal year-to-date basis thus far.
The rupee has decreased overall since January 2023 by over Rs. 63.
It has decreased by more than Rs. 110 versus the US dollar since April 2022.
Other Currencies
In today’s interbank market, the PKR was weaker than some of the other major currencies.
It lost 33 paisas against the Euro (EUR), 56 paisas against the Australian Dollar (AUD), 78 paisas against the British Pound (GBP), and 78 paisas against the Canadian Dollar (CAD).
On the other hand, in today’s interbank currency market, it gained 2 paisas versus the Saudi Riyal (SAR) and 4 paisas against the UAE Dirham (AED).
To read our blog on “Pakistani Rupee rise 10th day in a row against US Dollar,” click here.
